Umpqua Holdings Corp (NASDAQ:UMPQ) – Research analysts at SunTrust Banks increased their FY2018 earnings estimates for Umpqua in a research note issued on Wednesday, October 31st. SunTrust Banks analyst M. Young now forecasts that the bank will earn $1.45 per share for the year, up from their previous forecast of $1.37. SunTrust Banks also issued estimates for Umpqua’s Q4 2018 earnings at $0.38 EPS, Q2 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.64 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.43 EPS, Q3 2020 earnings at $0.47 EPS and FY2020 earnings at $1.79 EPS.
Several other analysts have also issued reports on UMPQ. Barclays cut their price target on Umpqua from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, July 20th. Sandler O’Neill reissued a “buy” rating and set a $25.00 price target on shares of Umpqua in a report on Friday, July 20th. JPMorgan Chase & Co. cut their price target on Umpqua from $26.00 to $25.00 and set a “$22.72” rating for the company in a report on Monday, July 23rd. Hovde Group set a $24.00 price target on Umpqua and gave the company a “hold” rating in a report on Monday, July 23rd. Finally, ValuEngine lowered Umpqua from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Umpqua currently has an average rating of “Hold” and a consensus target price of $23.85.
Umpqua stock opened at $19.34 on Thursday. The firm has a market cap of $4.21 billion, a P/E ratio of 18.07, a PEG ratio of 1.47 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.98. Umpqua has a one year low of $18.17 and a one year high of $24.89.
Umpqua (NASDAQ:UMPQ) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $313.76 million during the quarter, compared to analysts’ expectations of $309.37 million. Umpqua had a return on equity of 7.74% and a net margin of 24.23%. During the same quarter in the prior year, the business earned $0.28 earnings per share.
Large investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. bought a new position in shares of Umpqua in the second quarter worth about $222,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Umpqua in the second quarter worth about $10,212,000. Royal Bank of Canada boosted its stake in shares of Umpqua by 0.9% in the first quarter. Royal Bank of Canada now owns 524,574 shares of the bank’s stock worth $11,231,000 after acquiring an additional 4,929 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Umpqua by 90.2% in the second quarter. Public Employees Retirement System of Ohio now owns 258,560 shares of the bank’s stock worth $5,841,000 after acquiring an additional 122,605 shares during the period. Finally, ARP Americas LP bought a new position in shares of Umpqua in the second quarter worth about $203,000. 89.33% of the stock is owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.34%. The ex-dividend date was Thursday, September 27th. This is a positive change from Umpqua’s previous quarterly dividend of $0.20. Umpqua’s payout ratio is currently 78.50%.
Umpqua Company Profile
Umpqua Holdings Corporation, through its subsidiaries, provides commercial and retail banking, and retail brokerage services. It operates through four segments: Commercial Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
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